Posts Tagged ‘India’

No demand response to crude price crash? ‘Show us the money’ say motorists in India and China

Crude oversupply is a well-known story by now. Let’s talk about demand growth – or the absence of it. Why has the near-60% crash in crude as measured between the high of mid-June 2014 and the trough of January this year ($115.06 and $46.59/b respectively for front-month Brent) not produced a demand response from Asia?

Read the rest of this entry »

Petrodollars: Changing regulations, falling prices move Asian oil markets

In this week’s Oilgram News column, Petrodollars, Song Yen Ling examines the effects of low oil prices on various markets in Asia, ranging from the massive consumption center of China to the rapidly increasing appetite of Indonesia.

Read the rest of this entry »

At the Wellhead: A model oil contract in India might not be too popular

India is setting up a new model for outside investment in its oil and gas sector. But as Mriganka Jaipuriyar notes in this week’s Oilgram News column, At the Wellhead, it isn’t getting rave reviews just yet.

Read the rest of this entry »

The Oil Big Five: Your comments about oil reserves and opportunities for producers

November is thankfully on its last legs days, and we’re already exhausted. We knew the month would bring lots of big news topics (such as this one, which reminded me of this, because I’d love to see a rock opera about oil), as we discussed in our original Oil Big Five listing for the month. Then there were other items that didn’t make the list that also drew a lot of attention, from us and from others.

To feature reader comments today, we want to draw attention to the comments on our post about comments, which is very meta. We enjoy hearing from you, as these posts are intended to start conversations and discussions (even arguments!), and we think your comments are one of the highlights of this series.

Read the rest of this entry »

Indian steel needs support, not tariffs, to fulfill output aspirations

India’s steel sector has been generally positive about new Prime Minister Narendra Modi’s first 100 days in office, which he marked on September 3. Formerly the Chief Minister of Gujarat state for more than a dozen years, Modi presided over strong economic growth in that region, an achievement Indians are hoping to see extended across the entire country.

India has been crunching the gears economically for several years while its big rival China, unencumbered by the democratic process, has motored ahead. Steel projects have foundered due to difficulties in gaining land access–most notably Korean giant Posco’s planned 6 million mt/year capacity works in the south of India–while decrepit infrastructure makes transporting raw materials inside the country expensive and challenging.

Read the rest of this entry »

India’s gas pricing dilemma: A ‘Modi’cum of liberalization?

The new Narendra Modi government in New Delhi prolonged the suspense this week over what tack it will take on the controversial domestic gas pricing issue.

It had been expected to signal which way it is inclined ahead of a September 30 deadline to announce its final decision on gas prices.

Read the rest of this entry »

Major US trade decision in the pipeline for OCTG producers

The story is a familiar one: Cheap foreign steel products are threatening domestic manufacturers, and the US steel industry is seeking relief with a trade case.

Here’s how it goes down: Following a petition by one or more US producers, the Department of Commerce and the International Trade Commission independently and simultaneously investigate any antidumping and countervailing claims. Commerce investigates whether imported products are sold at less-than-fair value or have been subsidized by foreign governments and determines duty rates accordingly. The ITC rules whether those imports materially injure or threaten material injury to the domestic industry. If either body votes in the negative, no duties are levied.

On Friday, Commerce is due to make its final determination in the antidumping and countervailing investigations of oil country tubular goods (OCTG) imports from South Korea, India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam.

Read the rest of this entry »

The Oil Big Five: trends, market drivers and global issues

This is our second installment of The Oil Big Five, where we ask Platts oil experts around the globe to outline five big trends or factors affecting the oil industry. We were glad to hear from you, our readers, on our first post, and we featured your top responses in our follow-up post. Be sure to leave us a comment and tell us what you think about our picks as well as what you see as the biggest influences in your part of the industry.

Read the rest of this entry »

Indian oil & gas after the election…the road ahead

There is a lot riding on India’s new government. Tired of a lackluster economy, Indians have single-mindedly elected the BJP — led by Narendra Modi–in the hope that he will do what it takes to rev up the country’s engines.

Energy is obviously going to play a critical role as India’s economy shifts gear. So, what can the Indian oil and gas industry expect in the coming years? The answer: a lot.

The previous government had already started the process of reform in the industry, and the BJP is likely to take that forward full throttle.

Read the rest of this entry »

The Oil Big Five: Your top issues

At the beginning of the month, The Barrel debuted The Oil Big Five, our round-up of the top five big trends or factors affecting the oil industry worldwide. The topics were chosen by our oil experts in offices around the globe, and we asked you to weigh in. What do you think are the most influential things for your markets and business?

Today, we wanted to share the comments that you, our readers, sent our way. Remember, it’s not too late to comment on the original post (or on this one), and we’ll have another summary of our Platts picks for the next month in just a few more weeks.

Read the rest of this entry »